Morgan Stanley restated their equal weight rating on shares of American Airlines Group (NASDAQ:AAL – Free Report) in a research report sent to investors on Tuesday, Benzinga reports. They currently have a $20.00 price target on the airline’s stock.
A number of other equities analysts have also commented on the stock. TheStreet upgraded American Airlines Group from a d+ rating to a c rating in a report on Thursday, July 20th. Citigroup lowered their target price on shares of American Airlines Group from $18.50 to $17.50 and set a neutral rating for the company in a research note on Sunday, July 23rd. JPMorgan Chase & Co. raised shares of American Airlines Group from a neutral rating to an overweight rating and upped their price target for the company from $26.00 to $29.00 in a research report on Monday, May 8th. Susquehanna lowered their price objective on American Airlines Group from $20.00 to $19.00 and set a neutral rating for the company in a research report on Friday, July 21st. Finally, Royal Bank of Canada upgraded American Airlines Group to an outperform rating in a research report on Tuesday, June 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $18.96.
American Airlines Group Stock Down 1.1 %
Shares of NASDAQ:AAL opened at $16.57 on Tuesday. The firm has a market cap of $10.83 billion, a PE ratio of 4.44 and a beta of 1.56. The company’s 50 day moving average price is $16.52 and its two-hundred day moving average price is $15.55. American Airlines Group has a 12-month low of $11.65 and a 12-month high of $19.08.
American Airlines Group (NASDAQ:AAL – Get Free Report) last posted its quarterly earnings data on Thursday, July 20th. The airline reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.33. The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.74 billion. American Airlines Group had a net margin of 4.98% and a negative return on equity of 45.44%. American Airlines Group’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.76 earnings per share. On average, research analysts expect that American Airlines Group will post 3.31 EPS for the current year.
Insider Buying and Selling at American Airlines Group
In other American Airlines Group news, SVP Angela Owens sold 21,984 shares of the firm’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $13.79, for a total transaction of $303,159.36. Following the sale, the senior vice president now owns 59,830 shares in the company, valued at $825,055.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other American Airlines Group news, SVP Angela Owens sold 21,984 shares of American Airlines Group stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $13.79, for a total transaction of $303,159.36. Following the transaction, the senior vice president now directly owns 59,830 shares of the company’s stock, valued at $825,055.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Douglas M. Steenland sold 2,000 shares of the company’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $13.88, for a total transaction of $27,760.00. Following the completion of the sale, the director now directly owns 31,686 shares of the company’s stock, valued at approximately $439,801.68. The disclosure for this sale can be found here. Insiders sold a total of 25,934 shares of company stock worth $358,414 over the last three months. 0.78% of the stock is owned by insiders.
Institutional Trading of American Airlines Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mitsubishi UFJ Trust & Banking Corp bought a new stake in American Airlines Group during the first quarter worth about $25,000. Bartlett & Co. LLC purchased a new stake in shares of American Airlines Group in the 1st quarter worth approximately $27,000. Salem Investment Counselors Inc. increased its position in American Airlines Group by 7,692.3% during the 2nd quarter. Salem Investment Counselors Inc. now owns 2,026 shares of the airline’s stock valued at $36,000 after buying an additional 2,000 shares in the last quarter. Kalos Management Inc. purchased a new position in American Airlines Group during the first quarter valued at $31,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in American Airlines Group by 130.0% in the first quarter. EverSource Wealth Advisors LLC now owns 2,300 shares of the airline’s stock worth $34,000 after acquiring an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 57.06% of the company’s stock.
American Airlines Group Company Profile
American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC, as well as through partner gateways in London, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo.
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